Japanese Yen Holds Modest Gains Near Multi-Decade Lows

The Japanese Yen (JPY) managed modest gains against the US Dollar (USD) on Wednesday, but remained near multi-decade lows as a broadly weaker Greenback failed to trigger a sustained recovery. The USD declined following US inflation data that came in softer than expected, prompting a pullback in the currency.

At the time of writing, USD/JPY traded around 162.14, down 0.07% on the day. Despite the uptick, the pair continues to hover near levels not seen in decades, reflecting persistent Yen weakness. Traders are now awaiting further cues from Japanese authorities and central bank policy signals.